XML 32 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Cash flows from operating activities:    
Net income $ 2,036 $ 38,647
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 42,738 11,839
Amortization and other non-cash items 123,121 7,286
Excess tax benefit from exercises of stock options 0 (330)
Deferred income taxes 3,849 2,284
Foreign currency adjustments 76 (340)
Loss on assets and other, net 474 1,008
Realized gain on sale of marketable securities (4,025) 0
Stock-based compensation expense 48,170 9,169
Changes in operating assets and liabilities:    
Accounts receivable, net (54,245) (46,606)
Inventories (21,606) (17,304)
Prepaid expense and other current and non-current assets (9,600) (5,699)
Accounts payable and accrued liabilities 22,631 30,959
Income tax payable/recoverable (5,630) 5,397
Other liabilities (6,557) (49)
Net cash provided by operating activities 141,432 36,261
Investing activities:    
Purchase of property and equipment (89,395) (9,771)
Proceeds from sale of property and equipment 140 7,352
Purchase of securities available-for-sale (86,145) (89,060)
Proceeds from maturities of securities available-for-sale 100,263 62,068
Net cash used in investing activities (75,137) (29,411)
Financing activities:    
Payment of debt 0 (87,503)
Debt issuance cost (1,335) 0
Excess tax benefit from exercises of stock options 0 330
Proceeds from the issuance of common stock 18,386 10,627
Repurchase of common stock, including transaction costs (50,009) 0
Tax withholding paid on behalf of employees for restricted stock units (7,504) (4,703)
Restricted cash associated with financing activities (8) 45
Other financing (3) (17)
Net cash used in financing activities (40,473) (81,221)
Effect of exchange rate changes on cash (34) 32
Net increase (decrease) in cash and cash equivalents 25,788 (74,339)
Cash and cash equivalents at the beginning of the period 299,814 171,898
Cash and cash equivalents at the end of the period 325,602 97,559
Capital expenditure adjustments included in liabilities $ 6,599 $ 10,341